Department: Housing and Community Development
Department Head/Elected Official: Thao Costis, Executive Director
Regular or Supplemental RCA: Regular RCA
Type of Request: Financial Authorization
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWDBE Contracted Goal (if applicable): N/A
MWDBE Current Participation (if applicable): N/A
Justification for 0% MWDBE Participation Goal: N/A - Goal not applicable to request
Request Summary (Agenda Caption):
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Request by Housing and Community Development for approval to allocate $1,300,000 of Flex Funds to secure real estate project management, advisory and brokerage, appraisal, legal, and environmental consulting services to aid in the acquisition of potential properties deemed beneficial for the expansion of affordable housing throughout Harris County.
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Background and Discussion:
The Harris County Housing and Community Development Department- Multi Family is seeking real estate project management, advisory and brokerage services to aid in the management of and appraisal of potential properties to further affordable housing in Harris County. These services would aid in identifying viable acquisition opportunities, identifying developers for gap financing, crafting unique multi-family deal structures, assisting with negotiations, reviewing purchase and sale contracts, current capital market analysis, and present at key stakeholder meetings, to name a few.?
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Additionally, the Harris County Housing and Community Development Department is considering contracting for appraisal, legal and environmental consulting services on an "as needed" basis. This work would consist of the evaluation, legal review and general consulting of proposed properties including but not limited to review of reports prepared by others, communications with others regarding legal matters, preparation of environmental reports, performance of site assessments, etc.?
This request was approved by SteerCo on 1...
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